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Iron Mountain Inn 2702 N Stephenson Ave 71 Room Hotel Iron Mountain, MI 49801 $1,500,000 ($21,127/Room)
Investment Highlights
- Comfortable hotel with free Internet, complimentary breakfast, and cable TV. Conveniently located near local attractions.
- 71-room hotel with fitness center, breakfast room, laundry facilities, and conference room. Zoned B-2 for flexible business opportunities.
Executive Summary
This exceptional property boasts 71 meticulously designed guest rooms, each offering comfort and style, along with a wide array of luxurious amenities. Guests can enjoy a fully-equipped fitness center, a dedicated breakfast room, convenient laundry facilities, a spacious conference room for business meetings, and a soothing sauna for ultimate relaxation.
Situated within a B-2 zoning district, the property benefits from being in a Community Business District, allowing for a diverse range of businesses and entertainment activities. B-2 zones are strategically designed to cater to the needs of local residents as well as the traveling public, offering great flexibility for future development.
Offered at an attractive price of $1,700,000, this is a prime investment opportunity with substantial potential. For more information or to arrange a viewing, please contact me directly at (562) 688 - 0739.
Situated within a B-2 zoning district, the property benefits from being in a Community Business District, allowing for a diverse range of businesses and entertainment activities. B-2 zones are strategically designed to cater to the needs of local residents as well as the traveling public, offering great flexibility for future development.
Offered at an attractive price of $1,700,000, this is a prime investment opportunity with substantial potential. For more information or to arrange a viewing, please contact me directly at (562) 688 - 0739.
Property Facts
| Price | $1,500,000 | Building Size | 24,852 SF |
| Price Per Room | $21,127 | No. Rooms | 71 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1987/2005 |
| Property Subtype | Hotel | Parking Ratio | 3.06/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 3.50 AC | ||
| Zoning | B-2 - Commercial Zoned District | ||
| Price | $1,500,000 |
| Price Per Room | $21,127 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.50 AC |
| Building Size | 24,852 SF |
| No. Rooms | 71 |
| No. Stories | 2 |
| Year Built/Renovated | 1987/2005 |
| Parking Ratio | 3.06/1,000 SF |
| Corridor | Interior |
| Zoning | B-2 - Commercial Zoned District |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | $81.00 | - |
| Guest Room | 67 | $72.00 | - |
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Property Taxes
| Parcel Number | 051-700-190-01 | Improvements Assessment | $0 |
| Land Assessment | $553,200 | Total Assessment | $553,200 |
Property Taxes
Parcel Number
051-700-190-01
Land Assessment
$553,200
Improvements Assessment
$0
Total Assessment
$553,200
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Presented by
Henry Netto
Iron Mountain Inn | 2702 N Stephenson Ave
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